We report measurements of multiple hotcarrier (HC) stress and high-temperature anneal cycles repeated on the same nFETs fabricated in a commercial 40 nm bulk CMOS technology. We model this cycled HC degradation anneal assuming Si-H bond breakage during stress and bond passivation during anneal, with the bond dissociation and passivation energies following a bivariate Gaussian distribution. Our model can describe multiple stress and anneal time scenarios well using a single parameter set and provides insights into the recovery behavior of HC-induced defects. We find no correlation between bond dissociation and passivation energies and observe that the repeated HC stress and anneal cycles suppress the low energies from the distribution of bond passivation energies, changing its shape from the Gaussian to a non-Gaussian form.